The government, he said, has taken a number of initiatives to promote usage of LPG across the country especially in rural households which otherwise depend on traditional fuels that are hazardous to health and polluting in nature. Under Pradhan Mantri Ujjwala Yojana (PMUY) of providing free cooking gas (LPG) connection to poor, over 6.31 crore connections have been provided since the launch of the scheme on May 1, 2016.
The upswing in oil prices continues as petrol and diesel were at record highs in Mumbai and Delhi as of September 11.The steep rise in crude prices and a falling rupee have had a major impact on fuel costs, but do you know where petrol prices were the highest? Here's a list of the countries where petrol is the cheapest and most expensive. (Rates as of September 10, 2018)
Three hundred and thirty kilos of bio-jet fuel developed from jatropha — a hardy plant with nearly 40% oil content — was partially used to propel a 45-minute SpiceJet flight from Dehradun to Delhi. The IIP team took four days to extract this quantity of oil, which was used in the right engine of the plane. "Since this was a test flight, only 25% of bio-jet fuel was used and the rest was conventional aviation turbine fuel (ATF). International standards cap the use of bio-jet fuel at 50% in each engine," says Dr Anjan Ray, director, CSIR-IIP.
HPCL plans to activate this service in 35 outlets in Mumbai city and has already gone live in close to 18 petrol pumps. The service — christened Fastlane — is targeted at all vehicle owners and is the first time in the world that technology is being used for seamlessly refuelling and billing.
The government, on more than one occasion, has talked about a 'long-term' solution to insulate retail prices from the volatility in global crude oil price. A development that took place on Monday seems to be the first concrete step towards this. The oil ministry headed by Dharmendra Pradhan has given the in-principle nod to the Indian Commodity Exchange (ICEX) to launch futures on petrol and diesel. “We have received the ‘no objection’ from the ministry,” said Sanjit Prasad, MD, ICEX.
LPG shipments to India will reach 2.4 million tonnes in December, pushing it ahead of top importer China, on 2.3 million tonnes, for the first time.India’s average monthly imports in 2017 of about 1.7 million tonnes are well still behind China’s 2.2 million tonnes, but it has jumped ahead of third-placed Japan on about 1 million tonnes.
Aiming to give a major push to digital drive, the government is planning to put petrol and diesel along with its various products on e-commerce platform. But is it a feasible idea?
US Crude Oil Shipment reaches Paradip port. 1st in series of shipments of US crude oil to India arrived in the Indian state of Odisha. First shipments to India since the United States stopped oil exports in 1975.
Mergers and consolidation of state-owned companies are the only way to create an oil giant. HPCL-ONGC deal is the first step towards that goal. It will pave way for further consolidation. The government might ask IOCL to acquire the smaller Oil India.
Starting today, you will be paying different prices for petrol and diesel, similar to what happens in many advanced markets. State fuel retailers earlier used to revise rates on the 1st and 16th of every month based on the average international price of fuel in the preceding fortnight and currency exchange rate. So, how does one find out the rate for fuel every day? Here's a primer:
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